Article Summary

How automation and documentation can improve your financial institution’s compliance posture

Look around today’s financial institution and you’ll be hard pressed to find an area of a bank or credit union that technology doesn’t touch. From the teller line and the CSR platform all the way to the phone and alarm systems, most modern institutions are highly interconnected and dependent on their network infrastructure. It’s the lifeblood of today’s financial institution.

There’s another, sometimes overlooked area where technology can facilitate your financial institution’s success: Compliance.

The compliance process consists of three overlapping areas:

  • Written Policies
  • Written Procedures
  • Documented Practices

In this white paper, we’ll explore how automated systems and centralized reporting can help an institution ensure its documented procedures and actual practices align to verify adherence to regulatory compliance standards.